Bursa sees 19 new listings with market cap of RM11 9b in 2020 | Daily Express Online dailyexpress.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexpress.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR (March 4): Lotte Chemical Titan Holding Bhd (LCT) sees a brighter outlook for the company, thanks to a continued uptrend in average selling prices (ASPs) of polymer products.
“What we are seeing now is a very healthy price trend for polymer products, and we expect the strong product ASP outlook to continue into the first half of 2021 (1H21),” said its president and chief executive officer (CEO) Park Hyun Chul in a filing with Bursa Malaysia.
The strong prices of polymers products are expected to either hold or increase, mainly buoyed by brightening economic recovery prospects with global vaccination roll-outs, complemented by a sudden polymer supply shortage in the Southeast Asian (SEA) region caused by ongoing shipping container issues which curtailed imported polymer supplies from other regions, he said.
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd recorded a 19.49% decline in net profit to RM151.16mil in the fourth quarter ended Dec 31,2020, as compared to RM187.76mil in the same quarter last year.
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd recorded a 19.49% decline in net profit to RM151.16mil in the fourth quarter ended Dec 31, 2020, as compared to RM187.76mil in the same quarter last year
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd posted a lower net profit of RM148.59 million for the financial year ended Dec 31, 2020 (FY20) from RM4.